Deere & Company (DE)
Operating return on assets (Operating ROA)
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 9,335,000 | 33,508,000 | 27,341,000 | 19,476,000 | 12,958,000 | 12,888,000 | 12,018,000 | 10,790,000 | 9,507,000 | 8,243,000 | 7,840,000 | 7,609,000 | 8,012,000 | 7,624,000 | 6,771,000 | 5,297,000 | 4,304,000 | 3,917,000 | 3,721,000 | 4,292,000 |
| Total assets | US$ in thousands | 107,320,000 | 107,841,000 | 105,628,000 | 101,371,000 | 104,087,000 | 103,397,000 | 98,347,000 | 91,620,000 | 90,030,000 | 86,817,000 | 84,099,000 | 79,614,000 | 84,114,000 | 80,688,000 | 78,979,000 | 75,480,000 | 75,091,000 | 77,264,000 | 77,326,000 | 71,821,000 |
| Operating ROA | 8.70% | 31.07% | 25.88% | 19.21% | 12.45% | 12.46% | 12.22% | 11.78% | 10.56% | 9.49% | 9.32% | 9.56% | 9.53% | 9.45% | 8.57% | 7.02% | 5.73% | 5.07% | 4.81% | 5.98% |
October 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $9,335,000K ÷ $107,320,000K
= 8.70%
Deere & Company's operating return on assets (ROA) has fluctuated over the past few quarters, ranging from a low of 4.81% in February 2020 to a high of 31.07% in July 2024. The operating ROA is a measure of how efficiently the company is generating profits from its assets used in operations.
The significant increase in operating ROA from the previous quarter (April 2024) to the latest quarter (October 2024) is notable, indicating improved operational profitability and asset utilization. This substantial increase may be the result of improved operational efficiency, cost control measures, or revenue growth.
While the operating ROA has shown variability, it generally demonstrates a positive trend over the analyzed period. The consistent overall upward trend in operating ROA reflects that Deere & Company has been effectively managing its assets to generate profits from its core operations.
However, it's essential to note that the operating ROA should be analyzed in conjunction with other financial metrics and qualitative factors to get a comprehensive understanding of the company's financial performance and operational efficiency.
Peer comparison
Oct 27, 2024